Intercommerz Bank has raised its equity capital by Rub 135 mln by attracting a subordinate loan from AICB Financial Services GmbH, the lending institution said in a press release. The loan totaling Rub 135 mln was provided for a term of 10 years. The equity capital’s uplift was agreed upon with the Moscow Chief Territorial Directorate of the Bank of Russia on September 15, 2008.
After the loan’s registration the Bank of Russia will record it when calculating Intercommerz Bank’s equity capital. Given the subordinate loan, as of September 16, 2008 Intercommerz Bank’s equity capital was raised by 50% and now it exceeds Rub 400 mln.
According to the data from news agency Banki.ru and Interfax-CEA, as of July 1, 2008 net assets of Intercommerz Bank stood at Rub 3.36 bln (358th place in Russia). The lending institution is a member of the national deposit insurance system.
